South Jakarta Landed House Prices Continue to Rise During the Pandemic
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The price of landed houses in South Jakarta managed to maintain its growth amidst the onslaught of the Covid-19 pandemic. The Rumah.com Indonesia Property Market Index (RIPMI) 2021 recorded that the index price of landed houses in South Jakarta, which was at level 113.7 in the first quarter (Q1) 2020, rose 3.7 points in the second quarter (Q2) 2020 to level 117.4.
The increase in the index price of landed houses in South Jakarta peaked in the third quarter, with an increase of 4.1 points compared to the previous quarter.
Heading into 2021, the dynamics of property prices in South Jakarta were no longer as bullish as before. Nevertheless, year-on-year, the index price of landed houses still showed an increase of 6 points in the first quarter of 2021.
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